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Combine DIY fire and fog effects with sound and lights to transform your garden for Halloween this year.
A national candy retailer filed for bankruptcy just days before Halloween.
Texas-based Candy Warehouse filed for Chapter 11 bankruptcy protection in the Northern District of Texas on Friday, Oct. 24, according to federal court documents obtained by USA TODAY. According to a filing in U.S. Bankruptcy Court, the company reports more debt than assets, meaning it is insolvent and can no longer pay its debts.
Candy Warehouse President Mimi Kwan told USA TODAY in an emailed statement on Oct. 30 that the decision was made to stabilize the company’s operations, restructure some debt and “ensure that we can continue to serve our customers and partners well into the future.”
“It is important to emphasize that this is a reorganization, not a liquidation,” Kwan said in an email, noting that Candy Warehouse remains open and continues to fulfill orders.
“It has been difficult to keep up in today’s market. The pandemic hit us hard and we have not fully recovered due to rising costs and ongoing inflation,” Kwan said in a statement. “Competing with giants like Amazon and Walmart is never easy, but we’re fortunate to have loyal customers who believe in shopping small and supporting independent businesses. Their encouragement has kept us going.”
What is Candy Warehouse?
Founded in 1998, Candy Warehouse is a small, women-owned, minority-owned, family-owned business offering “bulk quantities of candy with fast shipping,” according to the company’s website. The company’s other products include party supplies, popcorn, soda, chocolate, chewing gum, cotton candy, and a variety of candies such as jelly beans.
In addition to providing direct-to-consumer candy, Candy Warehouse also serves businesses such as hotels and resorts, hospitals and medical facilities, zoos and theme parks, candy shops and retail stores, among others, according to the company’s website.
As it relates to Halloween, Kwan said the company intentionally waited to file for bankruptcy until it had fulfilled all of its Halloween commitments in order to “enter this process during an off-season with minimal disruption to our customers.”
Gabe Hauari is USA TODAY’s national trends news reporter. You can follow him at X @gabehauari Or email Gdhauari@gannett.com.
